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FirstCash Holdings, Inc.（FCFS）与Installed Building Products, Inc.（IBP）财务数据对比。点击上方公司名可切换其他公司
Installed Building Products, Inc.的季度营收约是FirstCash Holdings, Inc.的1.5倍（$747.5M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs 10.2%，领先10.5%），FirstCash Holdings, Inc.同比增速更快（21.2% vs -0.4%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 3.9%）
FirstCash Holdings, Inc.是总部位于美国得克萨斯州沃斯堡的典当企业，在美国及拉丁美洲多地运营线下典当零售门店，为纳斯达克证券交易所公开上市企业，在美洲典当服务领域拥有成熟的业务布局与完善的运营网络。
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
FCFS vs IBP — 直观对比
营收规模更大
IBP
是对方的1.5倍
$501.3M
营收增速更快
FCFS
高出21.5%
-0.4%
净利率更高
FCFS
高出10.5%
10.2%
两年增速更快
FCFS
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $747.5M |
| 净利润 | $104.2M | $76.6M |
| 毛利率 | — | 35.0% |
| 营业利润率 | 28.5% | 14.6% |
| 净利率 | 20.8% | 10.2% |
| 营收同比 | 21.2% | -0.4% |
| 净利润同比 | 24.7% | 14.5% |
| 每股收益（稀释后） | $2.35 | $2.81 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FCFSIBP
| Q4 25 | $501.3M | $747.5M | ||
| Q3 25 | $411.0M | $778.2M | ||
| Q2 25 | $385.1M | $760.3M | ||
| Q1 25 | $371.1M | $684.8M | ||
| Q4 24 | $413.7M | $750.2M | ||
| Q3 24 | $363.1M | $760.6M | ||
| Q2 24 | $363.5M | $737.6M | ||
| Q1 24 | $366.8M | $692.9M |
净利润FCFSIBP
| Q4 25 | $104.2M | $76.6M | ||
| Q3 25 | $82.8M | $74.4M | ||
| Q2 25 | $59.8M | $69.0M | ||
| Q1 25 | $83.6M | $45.4M | ||
| Q4 24 | $83.5M | $66.9M | ||
| Q3 24 | $64.8M | $68.6M | ||
| Q2 24 | $49.1M | $65.2M | ||
| Q1 24 | $61.4M | $55.9M |
毛利率FCFSIBP
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 34.2% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 33.8% |
营业利润率FCFSIBP
| Q4 25 | 28.5% | 14.6% | ||
| Q3 25 | 27.4% | 13.7% | ||
| Q2 25 | 21.1% | 13.3% | ||
| Q1 25 | 30.0% | 10.2% | ||
| Q4 24 | 26.5% | 13.1% | ||
| Q3 24 | 23.5% | 13.3% | ||
| Q2 24 | 18.2% | 12.9% | ||
| Q1 24 | 22.3% | 12.7% |
净利率FCFSIBP
| Q4 25 | 20.8% | 10.2% | ||
| Q3 25 | 20.1% | 9.6% | ||
| Q2 25 | 15.5% | 9.1% | ||
| Q1 25 | 22.5% | 6.6% | ||
| Q4 24 | 20.2% | 8.9% | ||
| Q3 24 | 17.9% | 9.0% | ||
| Q2 24 | 13.5% | 8.8% | ||
| Q1 24 | 16.7% | 8.1% |
每股收益（稀释后）FCFSIBP
| Q4 25 | $2.35 | $2.81 | ||
| Q3 25 | $1.86 | $2.74 | ||
| Q2 25 | $1.34 | $2.52 | ||
| Q1 25 | $1.87 | $1.64 | ||
| Q4 24 | $1.86 | $2.39 | ||
| Q3 24 | $1.44 | $2.44 | ||
| Q2 24 | $1.08 | $2.30 | ||
| Q1 24 | $1.35 | $1.97 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $125.2M | $321.9M |
| 总债务越低越好 | $2.2B | $886.6M |
| 股东权益账面价值 | $2.3B | $709.9M |
| 总资产 | $5.3B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.98× | 1.25× |
8季度趋势，按日历期对齐
现金及短期投资FCFSIBP
| Q4 25 | $125.2M | $321.9M | ||
| Q3 25 | $130.2M | $333.3M | ||
| Q2 25 | $101.5M | $305.2M | ||
| Q1 25 | $146.0M | $298.7M | ||
| Q4 24 | $175.1M | $327.6M | ||
| Q3 24 | $106.3M | $406.2M | ||
| Q2 24 | $113.7M | $380.3M | ||
| Q1 24 | $135.1M | $399.9M |
总债务FCFSIBP
| Q4 25 | $2.2B | $886.6M | ||
| Q3 25 | $2.2B | $880.8M | ||
| Q2 25 | $1.7B | $876.1M | ||
| Q1 25 | $1.7B | $872.4M | ||
| Q4 24 | $1.7B | $874.8M | ||
| Q3 24 | $1.7B | $872.3M | ||
| Q2 24 | $1.7B | $875.8M | ||
| Q1 24 | $1.5B | $875.0M |
股东权益FCFSIBP
| Q4 25 | $2.3B | $709.9M | ||
| Q3 25 | $2.2B | $678.6M | ||
| Q2 25 | $2.1B | $664.5M | ||
| Q1 25 | $2.1B | $660.9M | ||
| Q4 24 | $2.1B | $705.3M | ||
| Q3 24 | $2.0B | $716.4M | ||
| Q2 24 | $2.0B | $685.3M | ||
| Q1 24 | $2.0B | $679.2M |
总资产FCFSIBP
| Q4 25 | $5.3B | $2.1B | ||
| Q3 25 | $5.2B | $2.1B | ||
| Q2 25 | $4.5B | $2.0B | ||
| Q1 25 | $4.4B | $2.0B | ||
| Q4 24 | $4.5B | $2.1B | ||
| Q3 24 | $4.4B | $2.1B | ||
| Q2 24 | $4.3B | $2.0B | ||
| Q1 24 | $4.2B | $2.0B |
负债/权益比FCFSIBP
| Q4 25 | 0.98× | 1.25× | ||
| Q3 25 | 1.01× | 1.30× | ||
| Q2 25 | 0.79× | 1.32× | ||
| Q1 25 | 0.83× | 1.32× | ||
| Q4 24 | 0.85× | 1.24× | ||
| Q3 24 | 0.87× | 1.22× | ||
| Q2 24 | 0.85× | 1.28× | ||
| Q1 24 | 0.75× | 1.29× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $206.6M | $64.9M |
| 自由现金流经营现金流 - 资本支出 | — | $49.3M |
| 自由现金流率自由现金流/营收 | — | 6.6% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | 1.98× | 0.85× |
| 过去12个月自由现金流最近4个季度 | — | $300.8M |
8季度趋势，按日历期对齐
经营现金流FCFSIBP
| Q4 25 | $206.6M | $64.9M | ||
| Q3 25 | $135.8M | $124.0M | ||
| Q2 25 | $116.9M | $90.4M | ||
| Q1 25 | $126.6M | $92.1M | ||
| Q4 24 | $198.1M | $74.8M | ||
| Q3 24 | $113.1M | $101.4M | ||
| Q2 24 | $106.2M | $79.0M | ||
| Q1 24 | $122.5M | $84.8M |
自由现金流FCFSIBP
| Q4 25 | — | $49.3M | ||
| Q3 25 | — | $104.8M | ||
| Q2 25 | — | $74.8M | ||
| Q1 25 | — | $71.9M | ||
| Q4 24 | — | $52.9M | ||
| Q3 24 | — | $77.3M | ||
| Q2 24 | — | $58.2M | ||
| Q1 24 | — | $63.0M |
自由现金流率FCFSIBP
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 10.2% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 9.1% |
资本支出强度FCFSIBP
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 3.1% |
现金转化率FCFSIBP
| Q4 25 | 1.98× | 0.85× | ||
| Q3 25 | 1.64× | 1.67× | ||
| Q2 25 | 1.95× | 1.31× | ||
| Q1 25 | 1.51× | 2.03× | ||
| Q4 24 | 2.37× | 1.12× | ||
| Q3 24 | 1.74× | 1.48× | ||
| Q2 24 | 2.16× | 1.21× | ||
| Q1 24 | 2.00× | 1.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
